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Rice Unveils 1Q Marcellus, Utica Results; Talks Laterals
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Rice Energy Inc. reported first quarter 2015 financial and operational results.
Highlights during the quarter include: Production averaged 440 MMcfe/d, a 111% increase above pro forma first quarter 2014 Adjusted EBITDAX(2) of $84.3 million for the first quarter 2015, a 30% increase over pro forma first quarter 2014 Adjusted realized natural gas price of $3.20 per Mcf in the first quarter 2015 Turned to sales two operated Utica wells, each currently producing approximately 18 MMcfe/d Achieved significant growth in average midstream throughput to 668 MDth/d, a 13% increase above fourth quarter 2014 Completed successful $400 million placement of 7.25% senior unsecured notes due 2023 Increased reserve-based credit facility by $100 million to $650 million in April 2015 with $536 million…Finish this article — free account or subscription
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